Hi Traders,
here is Nifty Option Chain of 15th Sep 11(Thurs).
Tomorrow, Sep 16th (Fri), RBI would announce its credit policy.General Consensus seems to be 25 basis points increase in rates. No increase in rates may be viewed by market as a positive surprise. Any increase more than 25 basis Points would be a negative surprise to the market.
Past 2 sessions, Nifty has closed near the day's highs.Notice the OI Build up at 5000 Put. today it added around 10 lakhs. Given this mood and any positive push to the market , nifty may easily go to 5120 levels.
On the other hand any negative surprise from the RBI, it will be safe to buy 5100 or 5000 Put and square of by end of day with good profit.
Happy Trading
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